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🔻 DOGEUSDT 🔻 SHORT - Local on 01/09

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BINANCE:DOGEUSDT.P   Dogecoin / TetherUS PERPETUAL CONTRACT
DOGE - 1h - DOGEUSDT DOGEUSDT DOGEUSDT DOGEUSDT DOGEUSDT.P

  1. The impulsive downward movement of DOGE received a reaction in the nearest FTA zone.
  2. It has entered a sideways movement, and based on the chart, there doesn't seem to be much eagerness to buy at the moment.
  3. I anticipate the removal of internal liquidity at the level of 0.0641-0.06461, followed by further downward movement.
  4. The initial targets for removal are 0.06252 and 0.06236.
  5. Afterwards, I will be monitoring buyer reactions; if we see strong buying activity, DOGE may rebound.
  6. If not, there's a possibility of a spill down to the level of 0.06160 with a correction, and the nearest target becomes 0.06011.



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